Magellan Midstream (NYSE:MMP) reported its Q4 earnings results on Wednesday, February 2, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Magellan Midstream beat estimated earnings by 12.73%, reporting an EPS of $1.24 versus an estimate of $1.1, which surprised analysts.
Revenue was up $222.98 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.12, which was followed by a 2.12% drop in the share price the next day.
Here's a look at Magellan Midstream's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.97 | 1.01 | 0.85 | 0.85 |
| EPS Actual | 1.09 | 1.38 | 1.09 | 0.94 |
| Revenue Estimate | 639.83M | 563.73M | 668.51M | 639.04M |
| Revenue Actual | 639.05M | 653.64M | 661.07M | 586.32M |
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
